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The IRS requires all employers engaged in business or trade, who pay remuneration, to file a Form W-2 for each employee in order to report individual wage and salary information. The W-2 also reports federal, state, and other taxes that are withheld from paychecks. This information is crucial when preparing accurate tax returns.

The I.R.S. Is Outmatched

Karen Phua, Staff Reporter
November 30, 2020
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